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4 Best $50 Minimum Deposit Forex Brokers in Botswana
The 4 Best Forex Brokers with a Minimum $50 Deposit in Botswana revealed. We tested the best forex trading platforms for Botswana Traders.
This is a complete guide to the $50 Minimum Deposit Forex Brokers in Botswana.
In this in-depth guide you’ll learn:
- What is a $50 (680 BWP) Minimum Deposit Broker?
- Which forex traders offer the best trading platforms for trading with a 50 USD (680 BWP) Minimum Deposit?
- Which forex brokers are best for beginner Botswana Traders?
- Which brokers offer a sign-up bonus on a 50-dollar minimum deposit for first-time traders in Botswana?
- Which $50 minimum deposit brokers offer MetaTrader4/MT4 and MetaTrader5/MT5 trading platforms?
- Which forex brokers offer a mobile app on IOS and Android for Botswana Traders?
And lots more…
So if you’re ready to go “all in” with the best $50 minimum deposit forex brokers…
Let’s dive right in…
- Lesche Duvenage
Best $50 Minimum Deposit Forex Brokers in Botswana
| 🥇 Broker | 👉 Open Account | 💰 Minimum Deposit? | 💸 Botswana Pula (BWP) Deposits Allowed? | ✔️ Offers Botswana Pula Account? |
| 3. Windsor Brokers | 👉 Open Account | $50 (680 BWP) | Yes | Yes |
| 4. FXCM | 👉 Open Account | $50 (680 BWP) | No | No |
| 5. LiteFinance | 👉 Open Account | $50 (680 BWP) | Yes | Yes |
| 6. ACY Securities | 👉 Open Account | $50 (680 BWP) | No | No |
10 Best Forex Brokers in Botswana for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a $50 minimum deposit in Forex trading?
In order to open and maintain a live trading account with a forex broker, a minimum deposit is usually required. To ensure that traders have enough funds for risk-free trading, this is a frequent practise.
A broker may ask a minimum deposit of $1 to $1,000 in order to start an account. Due to the minimal opening deposit of $50, these broker accounts are typically appropriate for new traders in Botswana.
4 Best $50 Minimum Deposit Forex Brokers in Botswana
- ✔️ Windsor Brokers – Overall, Best sign-up bonus broker
- ✔️ FXCM – Best NDD forex broker in Botswana
- ✔️ LiteFinance – Best MetaTrader 4/MT4 Broker
- ACY Securities – Best ECN forex broker
1. Windsor Brokers
Overview
Windsor Brokers is considered low risk, with an overall Trust Score of 88 out of 100. Windsor Brokers is licensed by zero Tier-1 Regulators (high trust), two Tier-2 Regulators (average trust), and three Tier-3 Regulators (low trust).
Windsor Brokers offers three different retail trading accounts: an MT4 Prime Account, MT4 Zero Account, and VIP ZERO Account. Windsor Brokers, one of the region’s longest-serving brokerages, was founded in 1988 and is a seasoned industry veteran.
Overall Rating
- 4.7/5
Min Deposit
50 USD / 682 BWP
Regulators
CYSEC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Windsor Brokers offers three different retail trading accounts: an MT4 Prime Account, MT4 Zero Account, and VIP ZERO Account. Windsor Brokers, one of the region’s longest-serving brokerages, was founded in 1988 and is a seasoned industry veteran.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSC, CYSEC, JSC, FSA,CMA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | $50 / 680 BWP |
| Average spread from | from 1.0 pips |
| 📈 Maximum Leverage | 1:1000 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Windsor Brokers is multi-regulated in several regions | There is only one account that can be converted into an Islamic Account |
| The broker offers several markets that can be traded via MetaTrader 4 | Withdrawal fees apply to several payment methods |
| Multilingual customer support is available | Botswanans face currency conversion fees on BWP deposits and withdrawals |
| Windsor Brokers offers several educational materials | |
| Expert Market Analysis is available on the platform | |
| Windsor Brokers has a transparent fee schedule across all accounts and subsequent financial markets | |
| Windsor Brokers has been in operation for more than 30 years, proving that it has been battle-tested and that it is trusted |
2. FXCM
Overview
FXCM is considered a low-risk and can be summarized as trustworthy and reliable. In terms of trading conditions, FXCM offers a user-friendly trading environment with low spreads and high leverage. The company has an overall trust score of 92 out of 99.
Overall Rating
- 4.6/5
Min Deposit
USD 50 / 672 BWP
Regulators
FCA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Botswana traders must note that this option is offered exclusively to traders based in the United Kingdom. Spread betting is a type of derivatives trading that is based on speculation about an asset class’s future price volatility. Simply put, it is a financial instrument that enables traders and investors to benefit from an imminent change in the price of an asset without possessing the item itself. Spread Betting is a convenient way to get exposure to the financial markets.
Unique Features
| Features | Information |
| ⚖️ Regulation | FCA, ASIC, CySEC, FSCA |
| 💸 Minimum Withdrawal Time | – |
| 📈 Maximum Withdrawal Time | 2 to 4 working days |
| 💰 Instant Deposits/Withdrawals? | Yes, deposits |
| 💳 BWP-Denominated Account? | No |
| 📱 Minimum Deposit Amount | USD 50 / 672 BWP |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXCM supports both CFD and forex trading and offers several trading options | There are high commission charges |
| Botswanans can access leverage up to 1:400 | An inactivity fee and currency conversion fee are charged |
| Several asset classes can be traded | There is a limited choice between retail accounts |
| FXCM offers several trading platforms and trading tools that Botswanans can use to their advantage | Does not support MT5 |
| There are competitive spreads on the CFD account | There is no option to register an account denominated in BWP |
| There is a demo and Islamic account | Withdrawal fees apply |
| FXCM is well-regulated by four reputable entities | The Islamic Account faces additional fees |
| Client fund security and investor protection are guaranteed |
3. LiteFinance
Overview
LiteFinance is recognized by over a million clients across the globe and it is registered, authorized, and regulated by Cyprus Securities and Exchange Commission (CySEC).
Overall Rating
- 4.5/5
Min Deposit
USD 50 / 669 BWP
Regulators
CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, Web-based
Crypto
Yes
Total Pairs
40
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
LiteFinance provides 2 different live trading accounts, ECN and Classic. The minimum deposit required to open a LiteFinance Account is $50 USD.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySEC |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | 2 |
| 📊 Trading Platform | MetaTrader 4, MetaTrader 5, LiteFinance Mobile Trading App |
| 💰 Minimum Deposit | 680 Botswanan Pula equivalent to $50 |
| 💰 Trading Assets | Forex, Precious Metals, Oil, Global Stock Indexes, CFD NYSE, CFD NASDAQ, CFD EURONEXT, CFD LONDON LSE, CFD XETRA, Cryptocurrencies |
| 🔎 Botswanan Pula-based Account? | No |
| 💳 BWP Deposits Allowed? | Yes |
| 💰 Bonuses for Botswanan traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| LiteFinance is well-regulated and compliant with MiFID requirements | VPS is not provided free of charge |
| Expert analysis is provided through Claws & Horns | Commission charges are not the cheapest |
| There is a market-leading analysis app provided to Botswanan traders | There is a limited selection of tradable instruments |
| Dedicated client support offered in several languages |
4. ACY Securities
Overview
ACY Securities, which forms part of the ACY Capital Group, is a fast-growing, multi-asset online brokerage firm. The company offers technologically advanced, affordable, and superior services. ACY Securities focuses on state-of-the-art technology to help traders achieve success with trading.
Overall Rating
- 4.6/5
Min Deposit
USD 50 / 666 BWP
Regulators
ASIC AFSL
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
60+ ECN pairs
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
ACY Securities offers 5 different account types, Standard, ProZero, Bespoke, Islamic, and Demo, that offer spreads from 0.0 pip and commissions from $3/lot per side. All accounts are available with both MT4 and MT5 trading platforms.
Unique features
| Feature | Value |
| 💳 Minimum Deposit Requirement | $50 / 680 BWP |
| 📈 Platforms Available for Account Type | • MetaTrader 4 • MetaTrader 5 |
| 📊 Average Spreads on Major Forex Pairs | 0.0 pips, variable |
| 🚀 Maximum Leverage Ratio | 1:500 |
| ⚖️ Regulation | ASIC, VFSC |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 💰 Deposit and Withdrawal Options | • Credit Card • Debit Card • Wire Transfer • Skrill • Neteller • China Union Pay • Doku Wallet |
| 📱 Trading Platforms | • MetaTrader 4 • MetaTrader 5 |
| 💻 Languages supported on the Website | English, Chinese, Vietnamese, Arabic, Thai, Japanese, Romanian, French, Portuguese, Spanish, Russian, Italian, and several others. |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| As a broker with top-tier regulation, ACY Securities has earned a solid reputation | ACY Securities does not provide a BWP-denominated account |
| Over 1,800 financial products are made available to Botswanan traders | The demo account expires after 30 days |
| There is a selection of educational material for beginner traders | There are additional administrative fees charged on the Islamic Account |
| The STP and NDD model used by ACY Securities facilitates trustworthy transaction execution | Withdrawal fees are applied |
| Traders in Botswana have the option of opening either a Managed Account or a Passively Managed Account |
How to choose a $50 minimum deposit Forex Broker in Botswana
Botswanan traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives or needs.
Regulations and Licenses
This is the first vital component that Botswanan traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others.
Botswanans must beware when dealing with brokers with only offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Botswanans must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits, among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments the broker offers. Therefore, Botswanans must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor. Botswanans must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Botswanan trader’s portal to the financial markets. Therefore, traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
➡️ eBooks
➡️ Trading guides
➡️ Trading knowledge on leveraged products
➡️ A risk warning on complex instruments
➡️ Educational videos
Research can include some of the following:
➡️ Trading tools
➡️ Commentary
➡️ Status of International Markets
➡️ Price movements
➡️ Market sentiments
➡️ Whether there is a volatile market
➡️ Exchange Rates
➡️ Expert opinions and other resources can help experienced traders make informed trading decisions.
The Best $50 Minimum Deposit Brokers in Botswana
In this article, we have listed the best brokers that offer forex trading to traders in Botswana. In addition, we have further identified the brokers that offer additional services and solutions to Botswanan traders.
Best MetaTrader 4 / MT4 Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 25
Regulators
FCA UK
Trading Platform
MT5, MT4, OctaTrader
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, OctaFX is the best MT4 forex broker in Botswana. OctaFX is an MT4 and MT5 broker that provides Botswanans with various markets. OctaFX offers a choice of accounts via MT4, including ECN and STP accounts, with superior trade execution.
Best MetaTrader 5 / MT5 Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$100 / 1 342 BWP
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, AvaTrade is the best MetaTrader 5 forex broker in Botswana. In addition, AvaTrade is regarded as one of the most secure MT5 forex brokers.
No commission is charged for trading currency pairings, only leaving the spread to be paid. A demo account is also available for traders to sharpen their abilities via MT5 and several other platforms.
Best Forex Broker for beginners in Botswana
Overall Rating
- 4.1/5
Min Deposit
$100
Regulators
CFT, NFA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FOREX.com is the best forex broker for beginners in Botswana. FOREX.com is a broker renowned for low trading fees and beginner-friendly solutions. In addition, FOREX.com offers several educational materials and a helpful demo account.
Best Low Minimum Deposit Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$10 / 134 BWP
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Exness is the best Low Minimum Deposit Forex Broker in Botswana. Exness has a minimum deposit requirement of 10 USD / 130 BWP, making it easy for Botswanans to start trading 278 instruments.
Exness also offers MT4 and MT5 through which trades can be made. In addition, it offers some of the best trading tools, charting capabilities, technical indicators, expert advisors, and more.
Best ECN Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
CySEC, FCA, DFSA, FSCA, FSA, CMA
Trading Desk
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
0
Account Activation Time
24 Hours
Overall, HFM is the best ECN forex broker in Botswana. HFM is a hybrid forex and CFD broker that uses STP and ECN technology to ensure that Botswanans get the best pricing, minimal slippage, no requotes, and the fastest trade execution.
HFM uses the best liquidity providers who aggregate the pricing that Botswanans can see on MT4, MT5, and the HF App for Android and iOS.
Best Islamic / Swap-Free Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 10 / 136 BWP
Regulators
CySec, FCA
Trading Desk
None
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, eToro is the best Islamic / Swap-Free forex broker in Botswana. eToro is a renowned social trading platform that offers Muslim traders an Islamic Account.
eToro does not charge any interest on positions held for over 24 hours. However, registering an Islamic Account can be expensive initially, requiring a 1,000 USD / 13,400 BWP deposit.
Best Forex Trading App in Botswana
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 BWP
Regulators
ASIC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, CMC Markets is the best forex trading app in Botswana. In addition, CMC Markets offers a user-friendly mobile app with research tools, powerful charts, customizable watch lists, news reports, and a range of educational materials.
Best Lowest Spread Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 0 / 0 BWP
Regulators
FCA, CySEC, IFSC, KNF
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, XTB is the best lowest-spread forex broker in Botswana. XTB is a well-known forex and CFD broker with low and competitive forex spreads from 0.1 pips depending on the financial instrument and the market conditions.
XTB is also a good broker in terms of educational materials and research capabilities, providing traders with comprehensive market analysis across markets.
Best Nasdaq 100 Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 10
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXTM is the best Nasdaq 100 forex broker in Botswana. FXTM is a multi-regulated forex and CFD broker that accommodates Botswanan traders with a keen interest in Nasdaq. Traders can expect low and competitive spreads, a choice between accounts, and powerful trading platforms.
Best Volatility 75 / VIX 75 Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 BWP
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, IG is Botswana’s best Volatility 75 / VIX 75 forex broker. IG is one of the best CFD brokers with powerful proprietary trading technology.
IG is well-regulated and offers Botswanans access to VIX75, with spreads from 0.04 pips / 0.13% and zero commission charges.
Best NDD Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 50 / 672 BWP
Regulators
FCA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXCM is the best NDD forex broker in Botswana. FXCM is a No-Dealing Desk broker with STP and ECN execution across several markets.
In addition, FXCM offers a choice between third-party platforms in addition to technical indicators, charting tools, and competitive trading conditions.
Best STP Forex Broker in Botswana
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
36
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, RoboForex is the best STP forex broker in Botswana. RoboForex is popular forex and CFD broker with competitive trading conditions. RoboForex offers STP execution with liquidity sourced from top providers.
Botswanans can expect access to over 12,000 instruments via powerful and innovative third-party platforms.
Best Sign-up Bonus Broker in Botswana
Overall Rating
- 4.7/5
Min Deposit
50 USD / 682 BWP
Regulators
CYSEC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Windsor Brokers is the best sign-up bonus broker in Botswana. Windsor Brokers is a well-regulated broker that offers Botswanans a welcome account funded with 30 USD in trading credit. With this account, Botswanans can explore the platform or risk-free test their strategies.
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Conclusion
Overall, beginner traders who are interested in trading the foreign exchange markets face a low barrier to entry in the form of a $5 minimum deposit requirement.
Beginner traders will not be required to put up a significant amount of capital while still being able to become familiar with the methods of forex trading thanks to the availability of such a modest investment. Traders, on the other hand, need to be certain that they keep adequate funds in their accounts at all times in order to avoid getting margin calls.
Frequently Asked Questions
What lot size is good for $50 forex?
Because micro lots are still too dangerous for a $50 account and need you to set strict and improbable stop losses, it is recommended to open a nano (cent) account. One standard lot is equivalent to one micro lot in a nano (cent) account, allowing you to trade securely with as little as $1.
Can you start trading with $50?
With as little as a $50 initial commitment, you can begin trading. However, the amount of money you start with will affect your trading experience and is a key factor in determining your final success. Just because you can start trading with $50 doesn’t mean that you should.
Which forex brokers offer a mobile app on IOS and Android for Botswana Traders?
- LiteFinance
- ACY Securities
- Windsor Brokers
- FXCM
How do I grow my Forex account?
- Keep track of your performance not in terms of cash but rather percentages of risk.
- Don’t set weekly profit targets.
- Avoid taking out money from your trading account if it isn’t absolutely essential.
- Don’t get caught up in how much money you have in your trading account.
- Always make sure you have additional income streams.
How difficult is Forex trading?
Trading forex is actually extremely challenging, despite the common misconception that it is a simple way to make money and is therefore highly entertaining.
Trading foreign exchange, which takes place on the foreign exchange market, is not at all like trading stocks or commodities, despite the fact that this market is the largest and most liquid in the world.
Which forex traders offer the best trading platforms for trading with a 50 USD (680 BWP) Minimum Deposit?
- FXCM
- LiteFinance
- Windsor Broker
Which forex brokers are best for beginner Botswana Traders?
- FXCM
- LiteFinance
Which brokers offer a sign-up bonus on a 50-dollar minimum deposit for first-time traders in Botswana?
- Windsor Broker
- FXCM
- ACY Securities
- LiteFinance
Which $50 minimum deposit brokers offer MetaTrader4/MT4 and MetaTrader5/MT5 trading platforms?
- Windsor Broker
- FXCM
- ACY Securities
- LiteFinance
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
